Hamilton Mid Cap Financials Etf Market Value
| HUM Etf | CAD 35.86 0.14 0.39% |
| Symbol | Hamilton |
Hamilton Mid 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Hamilton Mid's etf what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Hamilton Mid.
| 11/27/2024 |
| 02/25/2025 |
If you would invest 0.00 in Hamilton Mid on November 27, 2024 and sell it all today you would earn a total of 0.00 from holding Hamilton Mid Cap Financials or generate 0.0% return on investment in Hamilton Mid over 90 days. Hamilton Mid is related to or competes with CI Canadian, BMO Mid, Celestica, and Descartes Systems. HAMILTON is traded on Toronto Stock Exchange in Canada. More
Hamilton Mid Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Hamilton Mid's etf current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Hamilton Mid Cap Financials upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 5.71 | |||
| Value At Risk | (1.76) | |||
| Potential Upside | 2.22 |
Hamilton Mid Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hamilton Mid's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hamilton Mid's standard deviation. In reality, there are many statistical measures that can use Hamilton Mid historical prices to predict the future Hamilton Mid's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.07) | |||
| Treynor Ratio | (0.22) |
Hamilton Mid Cap Backtested Returns
Hamilton Mid Cap holds Efficiency (Sharpe) Ratio of -0.12, which attests that the entity had a -0.12 % return per unit of risk over the last 3 months. Hamilton Mid Cap exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Hamilton Mid's Standard Deviation of 1.1, market risk adjusted performance of (0.21), and Risk Adjusted Performance of (0.04) to validate the risk estimate we provide. The etf retains a Market Volatility (i.e., Beta) of 0.36, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Hamilton Mid's returns are expected to increase less than the market. However, during the bear market, the loss of holding Hamilton Mid is expected to be smaller as well.
Auto-correlation | -0.57 |
Good reverse predictability
Hamilton Mid Cap Financials has good reverse predictability. Overlapping area represents the amount of predictability between Hamilton Mid time series from 27th of November 2024 to 11th of January 2025 and 11th of January 2025 to 25th of February 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Hamilton Mid Cap price movement. The serial correlation of -0.57 indicates that roughly 57.0% of current Hamilton Mid price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.57 | |
| Spearman Rank Test | -0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 0.42 |
Hamilton Mid Cap lagged returns against current returns
Autocorrelation, which is Hamilton Mid etf's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Hamilton Mid's etf expected returns. We can calculate the autocorrelation of Hamilton Mid returns to help us make a trade decision. For example, suppose you find that Hamilton Mid has exhibited high autocorrelation historically, and you observe that the etf is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Hamilton Mid regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Hamilton Mid etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hamilton Mid etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hamilton Mid etf over time.
Current vs Lagged Prices |
| Timeline |
Hamilton Mid Lagged Returns
When evaluating Hamilton Mid's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hamilton Mid etf have on its future price. Hamilton Mid autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Hamilton Mid autocorrelation shows the relationship between Hamilton Mid etf current value and its past values and can show if there is a momentum factor associated with investing in Hamilton Mid Cap Financials.
Regressed Prices |
| Timeline |
Pair Trading with Hamilton Mid
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Hamilton Mid position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Hamilton Mid will appreciate offsetting losses from the drop in the long position's value.Moving together with Hamilton Etf
| 0.68 | XFN | iShares SPTSX Capped | PairCorr |
| 0.71 | ZBK | BMO Equal Weight | PairCorr |
| 0.83 | ZUB | BMO Equal Weight | PairCorr |
Moving against Hamilton Etf
The ability to find closely correlated positions to Hamilton Mid could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Hamilton Mid when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Hamilton Mid - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Hamilton Mid Cap Financials to buy it.
The correlation of Hamilton Mid is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Hamilton Mid moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hamilton Mid Cap moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Hamilton Mid can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Hamilton Etf
Hamilton Mid financial ratios help investors to determine whether Hamilton Etf is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Hamilton with respect to the benefits of owning Hamilton Mid security.